RIYADH: Egyptian food exports to Malaysia saw an increase in the first quarter of 2022 as compared to the same quarter in 2021. The government is stressing the need to promote financing green growth in the African continent.
- Food exports to Malaysia surged a record 338 percent during the first quarter of 2022 to reach $3.5 million, local newspaper Youm 7 reported. The value of food exports to Malaysia during the corresponding quarter a year earlier stood at $800,000. This is a good opportunity to raise the volume of trade exchange between both countries, according to Tamim El-Dawy, deputy executive director of the Export Council for Food Industries.
- Minister of International Cooperation Rania Al-Mashat attended a panel discussion on financing green growth, local newspaper Youm 7 reported. She highlighted the importance of boosting multilateral cooperation as well as the crucial role of development banks and international institutions in promoting green growth in Africa.
- The International Finance Corp., or IFC, has announced that it will be collaborating with Egyptian leading pharmaceutical company Rameda in an attempt to back the local firm’s green strategy, enhance its production efficiency, and boost overall productivity. The IFC is aiming to do so by assisting Rameda in adopting solutions that will help it reduce its carbon as well as water footprint in addition to improving competences in materials and resource utilization, Daily News Egypt reported.
- Over 2.14 million tons of wheat have been collected from farmers all over Egypt, reflecting high efficiency in terms of the operating wheat supply system, local newspaper Egypt Today reported, citing Prime Minister Mostafa Madbouly.